Binance bought up to 41,000 BTC during the decline: Did they save the BTC market?
Data shows that Binance added 41,000 BTC during the last bear market, when the price corrected from $72,000.
Bitcoin is in a sideways phase recently, absorbing the wave of selling last week. Technical analysis shows that the current trend is weak, and the price may continue to fall if it falls below the key support level. Data shows that the exchange Binance is accumulating Bitcoin on dips, and "diamond hand" holders are also increasing their positions. However, the German government is still selling part of its Bitcoin reserves. Overall, most investors are optimistic about the future market, but traders and speculators have different views. It is expected that the future price trend of Bitcoin will still be volatile.
